Talon Private Wealth LLC Buys 5,440 Shares of ExxonMobil Corporation $XOM

Talon Private Wealth LLC increased its stake in shares of ExxonMobil Corporation (NYSE:XOM) by 30.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,194 shares of the oil and gas company’s stock after purchasing an additional 5,440 shares during the period. Talon Private Wealth LLC’s holdings in ExxonMobil were worth $3,171,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its position in shares of ExxonMobil by 14,136.6% during the second quarter. California State Teachers Retirement System now owns 696,207,635 shares of the oil and gas company’s stock worth $95,185,508,000 after purchasing an additional 691,317,352 shares in the last quarter. Norges Bank bought a new stake in shares of ExxonMobil in the 4th quarter valued at $7,625,063,000. GQG Partners LLC increased its position in shares of ExxonMobil by 153.3% in the 2nd quarter. GQG Partners LLC now owns 16,877,523 shares of the oil and gas company’s stock valued at $2,307,497,000 after buying an additional 10,214,420 shares in the last quarter. Quantum Portfolio Management LLC acquired a new stake in ExxonMobil during the 1st quarter worth $965,932,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in ExxonMobil during the 1st quarter worth $766,345,000. Institutional investors and hedge funds own 61.80% of the company’s stock.

Key ExxonMobil News

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Angola discovery strengthens production outlook. ExxonMobil’s Vicango East-01 well encountered 82 feet of hydrocarbon-bearing sandstone in offshore Angola’s Block 15. It is the company’s 20th discovery in the block over three decades, which has already produced roughly 2.7 billion barrels. The discovery could add low-cost resources and support management’s goal of achieving a 17% return on capital employed by 2030. ExxonMobil Finds More Hydrocarbons in Angola’s Offshore Block 15
• Positive Sentiment: High oil prices improve cash-flow potential. Brent crude recently moved above $105 per barrel, creating a favorable earnings environment for ExxonMobil’s upstream operations. The company’s low-cost assets are particularly attractive when prices remain elevated. ExxonMobil Discovery and XOM Stock Outlook
• Positive Sentiment: Dividend and financial-quality appeal remains supportive. ExxonMobil is being highlighted alongside other Dividend Aristocrats because of its long record of dividend increases, strong balance sheet and exposure to favorable oil-market conditions. This may attract income-oriented investors as the shares trade near record levels. Top Dividend Aristocrats
• Neutral Sentiment: Papua LNG expansion offers long-term growth but requires substantial investment. ExxonMobil plans to raise its Papua LNG stake from 28.7% to 34.1% and assume operatorship. The project is targeting a final investment decision in the fourth quarter of 2026, potentially expanding future LNG exposure while increasing capital and execution commitments. ExxonMobil Papua LNG Investment
• Negative Sentiment: Premium valuation could limit additional upside. Analysts note that XOM’s strong operating outlook and dividend record are already reflected in its elevated valuation. Earlier trading also showed the stock’s rally fading despite stronger crude prices, indicating that investors may be taking profits near the highs. ExxonMobil Stock Valuation

Analyst Ratings Changes

A number of research firms have recently commented on XOM. Freedom Capital raised ExxonMobil from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $182.00 price objective on shares of ExxonMobil in a research report on Monday, August 3rd. TD Cowen increased their target price on ExxonMobil from $155.00 to $168.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Zacks Research downgraded shares of ExxonMobil from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Piper Sandler lifted their price target on shares of ExxonMobil from $158.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Ten investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $167.45.

ExxonMobil Stock Up 0.5%

XOM stock traded up $0.88 during mid-day trading on Friday, reaching $166.11. The company had a trading volume of 11,362,127 shares, compared to its average volume of 18,682,740. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.85. The stock has a 50 day simple moving average of $155.06 and a two-hundred day simple moving average of $152.67. The company has a market capitalization of $688.50 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.00 and a beta of 0.18. ExxonMobil Corporation has a 52 week low of $110.39 and a 52 week high of $176.41.

ExxonMobil (NYSE:XOM) last posted its quarterly earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). The firm had revenue of $114.53 billion for the quarter, compared to the consensus estimate of $109.94 billion. ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.During the same period last year, the company posted $1.64 earnings per share. As a group, equities analysts predict that ExxonMobil Corporation will post 11.98 earnings per share for the current fiscal year.

ExxonMobil Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 17th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 17th. ExxonMobil’s payout ratio is currently 53.02%.

ExxonMobil Company Profile

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.

Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.